CoinOtag
2025-11-26 17:05:19

ByteDance Eyes Sale of Moonton Gaming Studio to Saudi Firm Amid $480 Billion Valuation Boost

ByteDance is in advanced talks to sell its gaming studio Moonton Technology to Saudi-based Savvy Games Group for billions, amid a strategic pivot away from gaming toward e-commerce and AI. This move follows regulatory pressures and a recent valuation surge to $480 billion, highlighting shifts in China's tech landscape. ByteDance in talks to divest Moonton, [...]

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.